» ren v ip; por no id An edition of 100 of which this 1s No. This volume is a combination of a series of booklets published by the First National Bank at Pittsburgh, in exposition of our city’s progress in business and culture. It is fitting that this record be dedicated to the memory of the late beloved president of the First National Bank, Mr. Lawrence E. Sands, whose vision and work has made a very deep impression upon the general welfare of this community. May we hope that this volume will be worthy of a place in your library, not only for your own pleasure and information, but also for any inspiration it may furnish for a future generation to maintain and enhance the fine traditions of the City of Pittsburgh, Pennsvlvania. THE FIRST NATIONAL BANK AT PITTSBURGH, PrrtseurcH, Pa. . Fr SE SSE EE EE The Story of PITTSBURGH Volume One Number Three IRON AND STEEL CONTINUED) First National Bank at Pittsburgh January, 1920 me EO ODE A AARNE AR EES 01 The Story of Pittsburgh Iron and Steel HE interest in the publication of the recent booklet on Iron and Steel has been so wide- spread, and the demand for further information has been so general that the First National Bank at Pittsburgh feels obliged to continue its discussion of this subject, in its recital of the “Story of Pittsburgh,” before proceeding with other diversified products of this city and the community indus- trially and financially dependent upon this metropolis. It is estimated that the normal annual value of the manufactured product of the Pittsburgh district reaches the large total of $1,250,000,000. During the period in which the United States took part in the great world war, this was largely increased. This community in normal times gives employment to more than 110,000 men in its steel works and blast furnaces, and to probably 80,000 more in other industries enumerated under the head of “Iron and Steel.” For the handling of materials—coke, iron ore and limestone—entering into the production of pig iron in the Pittsburgh district, 88,000 freight trains, with an average load of 3,400 gross tons apiece, are required every 12 months. From statistics collected by the Pittsburgh Chamber of Commerce and the American Iron and Steel Institute these figures have been compiled: In the Pittsburgh dis- trict the output of pig iron in 1918 exceeded 11,000,000 tons, more than 809, of the entire production of the United States, and 1,000,000 tons more than the combined product of Canada, France, Sweden and Spain in the pre- war period. The district’s production of finished rolled iron and steel was 369, of the nation’s total, and was distributed as follows: Allegheny County, 6,881,129 tons; Shenango Valley, 1,082,790 tons; other Western Pennsylvania plants, 2,449,- 461 tons. Other percentages of the total American pro- duction emanating from Pittsburgh are: steel cars, 509; tin plate, 609; crucible steel, 609; pipe and tubing, 45%; vanadium, 909%; radium, 85%. Pittsburgh leads the world in tonnage. In the pre- war period the tonnage of Pittsburgh was figured at 175,000,000 tons, while during the war the volume of tonnage handled increased tremendously. By way of comparison, it is computed that the tonnage of the four largest naritime ports of the world—New York, London, Marseilles and Liverpool—was less than half that of Pittsburgh; the total for these four ports being placed at 34,376,000 tons, while the tonnage passing through the Suez Canal, a world-shipment route, was 26,000,000 tons. The Pittsburgh district is the most important Steel foundry center in the United States, there being a larger tonnage of castings produced in this district than in any sther industrial community. Some of the important manufacturing corporations in the Iron and Steel industry, together with a brief enumera- tion of the numerous varieties of articles fashioned by them, and sold in all quarters of the globe, are alphabetically considered in this issue of “The Story of Pittsburgh.” ALLEGHENY STEEL COMPANY The Allegheny Steel Company was organized in 1900, and began to operate in August, 1901, with about 300 em- ployees. This number has gradually increased until about 3,000 are now employed for normal operation. The capital stock at the time of organization was $300,000, and this has been increased to $3,500,000, although the amount invested is much larger. For the first two or three years light steel sheets only were produced. Then a plate mill for the production of tank and structural steel plates was installed, and is producing at the rate of about 5,500 net tons monthly. The sheet mills now number 17 hot mills, with a production of 8,000 net tons monthly. A steel foundry was added in 1907, and this department has been enlarged until it has an output of about 600 tons of steel castings per month. In 1909 the Company took over the plant of the Reliance Tube Company and later enlarged the tube department, so that it now has a capacity of 2,000 tons of boiler tubes monthly. The Company specializes in its sheet steel department on electrical sheets, automobile and metal furniture sheets. AMERICAN BRIDGE COMPANY The American Bridge Company’s plant at Ambridge, a few miles from Pittsburgh, on the Ohio River, is the largest bridge and structural plant in the world. Its product consists of steel bridges, buildings and miscel- laneous structural materials; rolled structural shapes; fabricated ship steel; steel barges; steamboat hulls and other floating structures used in connection with inland and harbor transportation; forgings, steel, iron and brass castings; transmission towers, electric furnaces, rolling mill and bridge shop machinery, bolts, nuts and rivets. The yearly capacity of the bridge shops is 800,000 tons and of the rolling mills 250,000. The American Bridge Company was the pioneer in the fabrication of hull steel for ship construction, and had furnished fabricated ship steel for thirteen (13) ships prior to the outbreak of the war. The Company has rolling mills at Pencoyd, Pa., and fourteen (14) bridge shops, two of which are located at Chicago, and one each at Pittsburgh, Ambridge, Pen- coyd, in the State of Pennsylvania, Trenton, N. J., Edge Moor, Del., Elmira, N. Y., Canton, O., Toledo, O., Detroit, Mich., Gary, Ind., Minneapolis, Minn. and St. Louis, Mo. The Company is capitalized at $10,000,000 all common et Lh. AMERICAN STEEL COMPANY The American Steel Company was incorporated under the laws of Pennsylvania in 1904 and capitalized at $3,000- 300. Its tin plate mill is located at Waynesburg and its wire and nail mill at Ellwood City. About 2,000 workers are employed in the manufacture of tin plate, black sheets, wire, wire nails and other wire products. The Company produces annually 400,000 boxes of base tin plate, while the nail and wire mill tonnage is about 40,000 tons a year. The mills of this concern are electrically equipped through- out. The foreign shipments of the Company have in- creased enormously in the last few years, going to all parts of the world. It issues catalogues in Spanish, French and Portuguese, as well as in the English language. Additional buildings are now in process of erection which will double the capacity of both the Waynesburg and Ellwood City plants. AMERICAN STEEL & WIRE COMPANY In the Pittsburgh district of the American Steel & Wire Company, both Bessemer and open hearth ingots are pro- duced. The ingots are rolled into blooms, slabs and billets. Blooms are shipped to other companies for further rolling into axles and other shapes and slabs for rolling into plates. Billets form the raw material for the company’s own rod mills, in which they are rolled into wire rods, chiefly used for drawing into wire at its own plants, but a portion of this product is shipped to other companies for the same purpose, or for conversion into chain, rivets, bolts, etc. Much of this is coated with zinc (‘galvanized’) and the wire so coated is sold to other makers of barbed wire, woven fencing and poultry netting. Much of it is converted into these forms in the company’s own plants. Wire which is not galvanized is cut into nails or formed nto hoops. It is also converted into many other forms, such as bale ties, springs, wire rope, etc. Part of the steel made In Pittsburgh in the form of billets is rolled elsewhere into flat strips, which are further finished by cold rolling into what is known as cold-rolled flat steel, which is the raw material of an immense number of stamped and formed articles which are substituted for castings and forgings, and in which steel has become the substitute for brass and copper. A by-product of steel wire manufacture is sulphate of iron, which has many uses in the arts, as well as in the purification of city water supplies. The Com- pany also smelts zinc ores, obtaining as products commercial spelter, used mainly for galvanizing wire, sheets and tubing, and sulphuric acid, which is indispensable in the process of manufacture of the three principal classes of steel pro- ductions just mentioned; also muriatic acid, which is used for a similar purpose, and zinc oxide, one of the most important pigments in the paint industry. The company has a capital stock of $90,000,000, divided into $40,000,000 preferred and $50,000,000 common. BRAEBURN STEEL COMPANY The works of this Company are at Braeburn, Pa. The Company manufactures high-speed steel and other cruci- ble grades; also alloy steel of many kinds. The Company has been producing crucible steels since 1897, and electric furnace steel since 1916. It has two crucible melting fur- naces—one 24-pot and one 36-pot. It also has two 6-ton Heroult melting furnaces in which alloy steels of various kinds are manufactured. This Company is a Pennsyl- vania Corporation with an authorized capital of $400,000. CARBON STEEL COMPANY The Carbon Steel Company, whose plant is at the foot of Thirty-Second Street, Pittsburgh, has for many years specialized on alloy steels and special analysis steels. I was one of the first concerns in this country to roll steel bars for the Allied armies, as it received, direct from one of the Allied governments, shortly after the outbreak of the world war, a very large order for 4.5” shells. Later came orders for a large tonnage of shell steel in rolled bars. Steel was furnished by this Company for practically all of the Allied governments. During the war the entire output of the Forge Department was devoted to the manufacture of 75 m/m recuperator forgings. This is a very intricate forging of special analysis, and the company received many very favorable comments on its excellent quality and high production obtained. In plate production the principal item is special treatment and nickel steel plates for battle- ships, made of special alloy steels and capable of with- standing certain prescribed ballistic tests. Other items in the line of plates are special acid firebox steel, for prac- tically all of the large railroad systems; five-ply plates for bank vaults and safes, and for jail purposes. This steel is a combination of layers of soft and hard steel, so con- structed that it is soft enough to stand without breaking, severe shocks, such as sledge-hammer blows, and at the same time hard enough so that it cannot be burned by acetylene torches, nor sawed. During the war the pro- duction of the Carbon Steel Company’s plate mill was devoted almost exclusively to the rolling of light armor or bullet-proof plates, such as were used in armoring the “tanks”, so successfully used by the Allied governments. Rifle ranges were installed to conduct the tests on these plates, on the roofs of the mill buildings. About twenty- five marksmen were employed and about a million rounds of ammunition were required to conduct these tests, which were continued without interruption, by shifts of marksmen, from dawn until dark. Other important pro- ductions of the Company consist of high carbon steel sheets for agricultural implements, automobile parts and parts of electrical machinery, bars for automobile parts, such as gears, crank shafts, axle shafts, etc.; tool steel for a variety of purposes; billets for oil well tools, railroad forgings and for various kinds of hammer and drop forgings; forgings for railroad axles, crank pins, piston rods, driving rods, ete. The Company has established a reputation for Cunning- ham process forgings, extensively used by the most im- portant railroads. This Company was incorporated in West Virginia on October 12, 1894, and has an authorized and outstanding capital stock of $5,000,000. CARNEGIE STEEL COMPANY See Volume I. Number 2. CLINTON IRON & STEEL COMPANY Pig Iron is the product of the Clinton Iron & Steel Company, its principal business being in foundry iron, known to the trade as “Clinton” and “Hector”. In addition to the foundry iron, however, it produces Basic, Malleable and Forge. This Company was chartered under the laws of Pennsylvania in July. 1899. and has a capital stock of £300.000 COLONIAL STEEL COMPANY The Colonial Steel Company, whose works are at Monaca, a suburb of Pittsburgh on the Pittsburgh & Lake Erie Railroad, produces chiefly steels which are to be manufactured into tools or implements. These products include high speed and carbon tool steels for machine shop and metal cutting tools; hollow and solid bars for mining drills and rock drilling purposes; carbon tool steel bars for blacksmith and foundry use; hammers, chisels, wedges, etc. ; tool steel bars for machine parts; tool steel sheets and circles for saws and knives; steel plates to be manufactured into plows, cultivators and harvesting machinery, bars and billets for the manufacture of oil well drilling tools; die blocks for drop-forging dies and trimming knives; special alloy steels for machine tool construction, and copper coated steel wire for telephone, telegraph and signal wire. This company was incorporated under the laws of Penn- sylvania in June. 1901, and has a capital stock of 2.000 0600 COLUMBIA STEEL & SHAFTING COMPANY The Columbia Steel & Shafting Company, of Pittsburgh, manufactures cold finished steel bars, more commonly known in the trade as cold drawn and cold rolled steels. This material is used for shafting, machine construction and parts for automobiles, locomotives, agricultural im- plements, typewriters, cash registers, sewing machines. etc. The annual productive capacity of this industry is about 750,000 tons, of which this Company has a pro- ductive capacity of 150,000 tons. About 1,000 men are employed. While the Company is capitalized at only $300,000, it has an invested capital of something over $5,500,000. and was incorporated in September 1889. CRUCIBLE STEEL COMPANY The Crucible Steel Company of America was incorpor- ated under the laws of New Jersey on July 21, 1900, and zapitalized at $50,000,000, equally divided between com- mon and preferred stock, to manufacture and market Crucible and Open Hearth steel and iron. It controls many subsidiary companies, including the Pittsburgh Crucible Steel Company, with a capital of $5,000,000. Its annual report for the year ending Aug. 31, 1919, showed gross profits of $14,093,006; and net profits, after charges and appropriations, of $9,574,208. Its property, in the balance sheet, is valued at $85,168,741, and total assets are $130,046,021. Its Pittsburgh plants are the Park Steel Company, Crescent Steel Company, LaBelle Steel Com- pany, and Singer-Nimick & Company, Inc. The Anderson- DuPuy Company is located at McKees Rocks; the Pitts- burgh-Crucible Steel Company at Midland, Pa., and the plants of the Crucible Fuel Company, at Crucible and Glassmere. Pa. EDGEWATER STEEL COMPANY The plant of the Edgewater Steel Company is located at Oakmont, a suburb of Pittsburgh on the Allegheny River, where a modern equipment is installed for the pro- duction of its specialties. All steel used in the various products of the Company is manufactured in the plant. The Company turns out steel tires for locomotives and railroad cars, and solid rolled steel wheels for freight and passenger cars. These manufactures are produced on special mills of the Company’s own design, which involve many novel features. The Company also manufactures forgings, forging ingots, and a complete variety of steel castings. This Company was incorporated under the laws of Pennsylvania in August, 1914, with an authorized capital stock of $2.000,000. FIRTH-STERLING STEEL COMPANY The Firth-Sterling Steel Company is affiliated with the famous old steel makers, Messrs. Thomas Firth & Sons, Limited, of Sheffield, England, who have been producing high-grade tool and die steels for the past 80 years. The Firth-Sterling mill is perhaps the only one in America with a, Sheffield connection, given over exclusively to the mak- ing of fine steels. High quality, not tonnage, has been the policy of the management, and the growth of the Com- pany is best indicated by the increased number of skilled men employed, rather than by tonnage figures. When the Firths joined the Pittsburgh interests in the old Sterl- ing Steel Company, 23 years ago, there were 50 names on the payroll; they now employ 750 skilled workmen. Blue Chip, High Speed and other Firth-Sterling brands of tool and die steel are used in the most progressive shops through- out the United States. The works are at McKeesport. This Company was incorporated under the laws of Penn- sylvania in July, 1889, and has a capital stock of $1,500,000. FLANNERY BOLT COMPANY The Flannery Bolt Company’s factory at Bridgeville, Pa., is the largest plant in the United States devoted ex- clusively to the manufacture of flexible staybolts. It is thoroughly equipped with automatic machinery, tools and storage facilities, and well planned for systematic and efficient production. The Company are the pioneers in the introduction of flexible staybolts to locomotive boiler practice, and manufacturers of the “Tate Flexible Stay- bolt”, which has been standardized on 959, of the rail- roads of the United States within the last fifteen years, and is used in locomotive boilers by many railroads in foreign countries. The Company is a very large consumer of steel and staybolt irons. The general offices of the Flannery Bolt Company are in the Vanadium Building, Pittsburgh. This company was incorporated under the laws of Pennsylvania in February, 1904, and has an author- ized capital stock of $750,000. FORT PITT MALLEABLE TRON COMPANY The Fort Pitt Malleable Iron Company was incor- porated under the laws of Pennsylvania on October 15, 1901 and has an authorized capital stock of $750,000. Its plant is located at McKees Rocks, Pa., and is the largest plant in the world devoted exclusively to the manufacture of Malleable Railroad Car Castings. FORT PITT STEEL CASTING COMPANY The Fort Pitt Steel Casting Company of McKeesport was organized in 1906, under the laws of Pennsylvania, to specialize in the steel casting industry, devoting all its production to the manufacture of thin section, small, intricate steel castings, which cannot be successfully made by the open hearth steel process. The Company uses the side-blow converter, which gives a quality of steel with high physical properties. Principal products are the smaller castings used by rolling mills, electrical manufac- turers, railways, car companies, truck, automobile, tractor, engine, mining machinery and various other manufac- tures. The Company employs about 500 men, their production in this specialty line being the largest in this field. The Company has a capital stock of $400.000. HUBBARD & COMPANY AND SUBSIDIARIES The firm of Hubbard & Company dates from 1847, it having been established more than seven decades ago. The capital invested in the concern is $2,500,000. John W. Hubbard is President; C. P. Seyler, Vice President and S. A. Rankin, Secretary and Treasurer. The Company’s main works are at Sixty-Third Street and the Allegheny Valley Railway in Pittsburgh, where 1,200 persons are employed. The products of the Company include shovels. spades and scoops; railroad track tools, picks, mattocks. bars and sledges; galvanized pole line hardware and elec- trical construction specialties. The Pittsburgh works have an annual output of 150.000 dozen shovels. 8.500 tons of tools and 25,000 tons of galvanized electrical construc- tion material. Its annual railroad traffic consists of 3,000 carloads, incoming and outgoing. The Company also controls by stock ownership, the following concerns: Russell Shovel Co., Aliquippa, Pa. with an output of 50,000 dozen shovels; Beall Brothers Co., Alton, Ill. with an output of 80,000 dozen shovels and 3,000 tons railroad track tools; Jackson Shovel & Tool Co., Montpelier, Ind., with an output of 50,000 dozen shovels; Hubbard Pressed Steel Co., Niles, O. with an output of 3,000 tons of washers and pressed steel specialties; Fulton Tool Works, Hunting- ton, West Va., with an output of 1,000 tons of mining tools. Hubbard & Company has now under construction in Chicago, Ill, a plant to cost $750,000, which will have a capacity of 20,000 tons of Galvanized Electrical Construc- tion material, this extension of facilities having been found necessary to handle the rapidly growing western and southern business of this prosperous concern. JONES & LAUGHLIN STEEL COMPANY The Jones & Laughlin Steel Company was founded in 1853 and incorporated in 1902 under the laws of Pennsyl- vania. The Company is capitalized at $30,000,000 and has a bonded debt of $20,258,000. Its plants are located in the City of Pittsburgh, and at Woodlawn, Pa. These plants consist of coke ovens, blast furnaces, steel works, rolling mills, plate mills, wire mills, tin plate mills, tube mills, ete. The finished products of the Company include blooms, slabs, billets, skelp, sheet bars, structural shapes, plates, bars, fabricated structural steel, wire products, tin plate, railroad spikes, cold finished steel and tubular pro- ducts. The Jones & Laughlin Steel Company owns, through subsidiary concerns, coal, ore and limestone properties, as well as railroads and steamships required in the transportation of materials and finished products. The Company’s pig iron capacity is 2,100,000 gross tons per annum and its ingot capacity is 2,620,000 gross tons annually, while its finished products capacity is 2,325,000 net tons per annum. LA BELLE IRON WORKS The chief plant of the LaBelle Iron Works is located at Steubenville, Ohio, with others in the Pittsburgh vicin- ity and elsewhere. This corporation represents a capital investment of $20,000,000, divided equally between com- mon and preferred stock. It controls, through subsidiaries, ‘ts own iron ore supply, and largely its coal supply. It has also a by-product plant at which coke is manufactured. LaBelle products are varied, and among them may be enumerated pig iron, slabs, billets, sheet bars, universal plates, sheared plates, grooved plates, skelp, merchant pipe, line pipe, casing, tubing, black sheets, galvanized sheets, formed roofing and cut nails. The Company was originally established in 1852 and was incorporated under the laws of West Virginia in December, 1875. LOCKHART IRON & STEEL COMPANY The Lockhart Iron & Steel Company was incorporated in Pennsylvania on March 18, 1890, and is capitalized at $1,000,000, and has about 1,000 employees. Its plant is at McKees Rocks, and it manufactures high-grade iron, principally by the old-fashioned puddling process, together with a special quality of steel bars. MESTA MACHINE COMPANY The works of the Mesta Machine Company are at West Homestead, on the Monongahela River, about six miles from Pittsburgh. The plant covers more than “wenty acres, all of which are occupied by buildings, yards and equipments. The Company employs about 3,000 workmen, most of whom are skilled mechanics. All machinery is built within the plant from the raw materials, and the only limit as to size and weight of machinery built is that which the railroads can handle. Steel and iron castings weighing over 100 tons have been made in the foundries and finished in the machine shops. The Mesta Machine Company builds a more complete line of heavy machinery for iron and steel works than any other company in the United States. This line consists of gas and steam blowing engines for blast furnaces, gas and steam engines for rolling mills and power plants, rolling mills, forging presses, shears, etc.; cut and machine-molded gears and rolling mill pinions, and all the various kinds of rolls used in rolling mills. Mesta machinery can be seen in all of the large iron and steel plants, and in many of the power plants of the United States. The Company has also furnished some of the largest machinery used in the United States Government steel plants. Its products can also be seen in many of the iron and steel plants in Canada, Australia, India, England, France, Italy and Japan. The Company was incorporated under the laws of Pennsylvania on October 21, 1898, and has an authorized capital stock of £2.000.000. MONONGAHELA IRON & STEEL COMPANY The plant of the Monongahela Iron & Steel Company is situated at Paden City, West Virginia, 42 miles below Wheeling. The Company makes what is known in the trade as melting bar, which is the base for a large per- centage of the alloy steel produced by crucibles. This Company was incorporated under the laws of West Vir- oinia and has a capital stock of $900,000. MORRIS & BAILEY STEEL COMPANY The Morris & Bailey Steel Company manufactures cold rolled strip steel, at its works at Wilson, Pa., on the Monongahela Division of the Pennsylvania Railroad. This product is made from hot rolled bands, hoops and plates, and is largely used in making automobile parts, and manufacturing builders’ hardware. It enters into the construction of typewriters, sewing machines, aero- planes, bicycles, cash registers, cream separators, phono- graphs, buttons and buckles. This sort of steel is also made with a bright finish, suitable for nickle plating in any temper and from 14” to 80” wide in any thickness from .002” to 14”. This company was incorporated on June 15, 1893, under the Pennsylvania laws, and has a capital stock of $150,000. JONES & LAUGHLIN IRL COV SITTSBURGH SHEL COMPANY McKeEsrort Tin Prate CoMpaNY OrrgiNAL Prant or 10 MiLis, BuiLt 1902-1903; Capacity, 400,000 Boxes PEr ANNUM McKEESPORT TIN PLATE COMPANY The McKeesport Tin Plate Company began operations in 1903 with a capacity for making 400,000 boxes of tin plates per annum, and has increased its business from time to time, from a ten-mill plant to a forty-four mill plant, which is now the largest tin plate plant in the world, with a capacity of 4,000,000 boxes per annum. The Company consumes approximately 250,000 tons of steel, which is first rolled into black plate and prepared for tinning. Its annual business is from $20,000,000 to $25,000,000. About 3,600 workmen are employed, with a payroll of approxi- mately $7,000,000 per annum. The present plant covers about twenty acres of ground. This Company was in- corporated October 7, 1901, under the laws of Pennsylvania, and has an authorized capital stock of $10.000.000. McKeesport Tin Prate CoMPANY PrEsENT PLanT OF 44 Mires; Largest Tin Prate PLANT IN THE WorLp; ExTENsioNs CompLETED 1917; Capacity, 4,000,000 Boxes PEr ANNUM McCULLOUGH-DALZELL CRUCIBLE COMPANY The McCullough-Dalzell Crucible Company of Pitts- burgh was the first crucible company soliciting general business to locate west of the Allegheny Mountains. It was organized in 1872 and incorporated in 1895 under the laws of Pennsylvania, with an authorized capital of $150,000. The Company confines itself to the manufacture of goods containing plumbago, or graphite, and it imports its plum- bago from the island of Ceylon, thereby insuring a uniform grade of material. The Company manufactures crucibles of all sizes and shapes for the melting of all grades of steel, and also all sizes for the melting of brass and other metals, including the precious metals. It also manufactures plumbago stopper heads for use in open hearth furnaces and all other furnaces of a similar nature. Its product includes all articles on the market containing plumbago, and its product is considered the standard. NATIONAL TUBE COMPANY The National Tube Company and affiliated Companies has an area of 2,200 acres covered by manufacturing prop- erties and accessories. It has 25,000 employees, and an average monthly payroll of $4,210,000. It owns 130 miles of standard gauge railroad track. The Company con- sumes per 24-hour day: 8,000 gross tons of ore; 4,600 gross tons of coke; 10,500 gross tons of coal, (including by-pro- duct coke ovens); 2,000 gross tons of limestone. Total production in gross tons per 24-hour day, 29,500; gross tons of finished materials produced per 24-hour day, 5,500. Steam horse-power-hours produced daily, 2,000, 000; electric horse-power-hours, produced daily, 670,000. The Company’s annual capacity in gross tons of 2,240 pounds follows: Pig iron, 1,750,000; bessemer ingots, 1,550,000; basic open-hearth ingots, 600,000; blooms, billets and slabs, 1,900,000; by-product coke (net tons), 1,100,000; flue dust sinter, 138,000. By-products from coke plant are as follows: Tar, 11,050,000 gallons; ammo- nium liquor, 1,508,000 lbs. NHS; sulphate of ammonia. \MERICAN STEEL « WIE COMPANY DONORA, PA. OLIVER IRON & STEEL COMPANY 15,000 net tons; benzol, 6,200,000 gallons; toluol, 470,000 gallons, solvent naptha, 275,000 gallons. The company was incorporated under the laws of New Jersey with a capital stock of $85,000,000. OLIVER IRON & STEEL COMPANY The works of the Oliver Iron & Steel Company are located at Tenth and Muriel Streets, Pittsburgh. The Company was established in 1863. The Company manu- factures a great variety of iron and steel products, among which may be enumerated bolts, nuts, rivets, lag screws, washers, threading furnished; United States standard and Whitworth screw railroad spikes; tie, upset and loop rods; picks, crowbars and digging bars; railroad, mining, black- smith and track tools; track bolts; car and general forgings; pole line material; bar steel; concrete reinforcement bars; wagon irons and singletree trimmings. The company was incorporated under the laws of Pennsylvania on November 0. 1887. and has an authorized capital stock of £1.600.000. PITTSBURGH COLD ROLLED STEEL COMPANY The Pittsburgh Cold-Rolled Steel Company is located at Verona, Pa., a few miles up the Allegheny River from Pittsburgh. It was incorporated in 1905, and has an invested capital of approximately $300,000. The Com- pany manufactures cold-rolled strip steel, low carbon, spring steel and tool steel. PITTSBURGH IRON & STEEL FOUNDRIES CO. The extensive foundries of this Company are located at Midland, Pa., it being a pioneer concern in what is now an industrial center. The Company is capitalized at $600,000. It owns the Adamite patents, covering that alloy steel, which is used chiefly in the form of rolls, pinions, dies, etc., throughout the steel industry in this country and Canada. This product’s remarkable resistance to wear and abrasion may be said to have revolutionized the mill conditions of the steel industry. The business was originally established in 1837 as the S. Jarvis Adams Co., which was incorporated in Pennsylvania on October 18, 1899. In October 1912, the name was changed to the Pittsburgh Iron & Steel Foundries Co. PITTSBURGH MALLEABLE IRON COMPANY The Pittsburgh Malleable Iron Company was organized in 1889, and in its foundry at Thirty-fourth Street, Pitts- burgh, 300 men are employed, and its capacity is 500 tons of castings per month. At the foundry at Zanesville, 0, the Zanesville Malleable Company employs 300 men, and ts capacity is 500 tons per month. The product of both foundries is general malleable castings. Incorporated under the laws of Pennsylvania and has a capital stock of $300.000. PITTSBURGH ROLLS CORPORATION The works of the Pittsburgh Rolls Corporation are at Forty-first and Forty-second Streets and the Allegheny Valley Railroad, in Pittsburgh. It is the successor of the Seaman, Sleeth Company, which was incorporated in August, 1896, and manufactures rolls exclusively; consist- ing of patent semi-steel, chill and sand rolls and pinions, steel rolls and pinions. The Company was incorporated in Virginia, July, 1917, and has an authorized capital stock » £3.000.000. PITTSBURGH STEEL COMPANY The Pittsburgh Steel Company, with plants located on the Monongahela River at Monessen and Glassport, Penna., in the Pittsburgh District, is the largest independ- ent manufacturer in the world of wire, nails and fencing. Products consist of: basic pig iron; basic Open Hearth steel ingots. blooms and billets: basic Open Hearth wire rods; bright nail and market wire, chain, rivet and bolt wire; annealed wire and baling wire; galvanized wire; bright wire nails, cement coated wire nails, galvanized wire nails and blued wire nails; barbed wire in various styles, both galvanized and painted; galvanized or polished fence staples and galvanized poultry netting staples; straightened and cut wire, and single loop bale ties; ‘“Pitts- burgh Perfect” electrically welded wire fencing in a com- plete line of designs and heights for all farm, ranch, poultry and garden purposes, including ornamental and plain lawn fencing, and “Columbia” hinge-joint fencing for all farm purposes; farm, lawn and paddock gates, fence stretchers and single wire stretchers, fence tools and wire splicers. The capacity of the Pittsburgh Steel Company’s fence factories is over three hundred miles of fencing daily, and this product is not only used in enormous quantities in the United States of America, but has for years been heavily exported, with other products, and has achieved great popularity in all quarters of the civilized world. Other important products are hoop steel, band steel, automobile and motorcycle rim stock, steel for cold rolling and cotton ties. The products of the Pittsburgh Steel Company, which are made of basic Open Hearth steel exclusively, and are produced entirely in their own furnaces and mills, from the ore to the finished material, are invari- ably of the highest quality and workmanship, emblemized in their trade name “Pittsburgh Perfect.” The Company was incorporated under the laws of Pennsylvania in July, 1901, and has a capital stock of 817.500.000. PRESSED STEEL CAR COMPANY The Pressed Steel Car Company has two large plants in the Pittsburgh district, the larger one located at McKees Rocks and the other on the North Side, Pittsburgh. The Allegheny plant has a ground area of 26 acres, of which 13 acres are covered by buildings, and it has an annual capacity of 18,000 freight cars. The ground area at McKees Rocks is 159 acres, of which 44 acres are covered by buildings. The annual capacity of this plant is 24,000 freight cars, 400 passenger cars, 12,000 tons of rivets, 2,500 tons of car springs, 50,000 tons of car repair parts, 125,000 cast iron car wheels, 15,000 tons of malleable castings, 6,000 tons of steel castings, and 2,500 tons of grey iron castings. The Pittsburgh plants consume approximately 350,000 tons of steel and 50,000 tons of pig iron per year. The employees number from 4,000 to 5,500 and the pay- roll of these plants is about $8,000,000 per year. The Company was incorporated under the laws of New Jersey on January 12, 1899. REPUBLIC IRON & STEEL COMPANY While most of its plants are located outside the Pitts- burgh district, the Republic Iron & Steel Company may be mentioned since it has blast furnaces at New Castle and at Sharon, Pa. Its chief plants are at Youngstown, O., with blast furnaces, mills, bolt works, coal mines, ore mines and limestone properties in several States. It employs about 15,000 men, and its gross volume of business in 1918 was $75,224,110. The Company was incorporated in New Jersey on May 3, 1899, and has an authorized capital of $55,000,000. STANDARD STEEL CAR COMPANY The Standard Steel Car Co. was incorporated in 1902, under the laws of Pennsylvania, and has an authorized capital of $5,000,000, of which $4,000,000 is outstanding. The Company’s plants are located at Butler and New Castle, Pa., and Hammond, Ind., and are equipped for the manufacture of steel and composite (steel and wood) cars, and automobiles. The Company controls the Middle- town Car Company, and the Baltimore Car & Foundry Company. SUPERIOR STEEL CORPORATION The products of the Superior Steel Corporation, whose works are at Carnegie, Pa., consist of hot rolled strip steel and cold rolled strip steel. These steels are manufactured into many articles, such as automobile parts, sewing machines, adding machines, typewriters, bicycles, stoves, hardware, aeroplanes, cash registers, cream separators, telephones, cutlery, buttons, buckles, tubing, etc. The Company has a productive capacity of from 10,000 to 12,000 tons per month, and employs from 1,500 to 1,800 men. The Company was incorporated under the laws of Virginia on December 21, 1916, and has an authorized capital stock of $17,000,000. UNION DRAWN STEEL COMPANY The Union Drawn Steel Co. was incorporated under the laws of Pennsylvania, with a capital stock of $1,500,000. Its works are at Beaver Falls, Pa. and Gary, Ind. The Company produces rounds, flats, squares, hexagons, special shapes, bessemer, open hearth, crucible and cold die rolled steel. UNION STEEL CASTING COMPANY The Union Steel Casting Company operates two steel casting plants located side by side at Sixty-second Street and the Allegheny Valley Division of the Pennsylvania Railroad, Pittsburgh. In these plants there are five 25- ton acid open hearth furnaces. The Company makes a specialty of steel castings of carbon and vanadium steel, such as engine frames, driving wheel centers and mis- cellaneous castings for locomotives; also for bank vaults, annealing equipment for rolling mills, and the like. Among the Company’s products are forging ingots of carbon steel and alloy steels, such as vanadium, chrome vanadium, nickel, chrome nickel, ete. During the war the bulk of the output of the Union Steel Casting Company was devoted to steel castings and forging ingots required in the con- struction of locomotives for use on the American railways, both in this country and in France, and for the vessels of the United States Navy, Emergency Fleet, and other government work. The company was incorporated in Pennsylvania on April 27, 1899, and has an authorized capital stock of $2,500,000. WASHINGTON TIN PLATE COMPANY The Washington Tin Plate Company’s mill is located in Tylerdale, on the outskirts of Washington, Pa., and along the lines of the P. C. C. & St. L. R. R. with switching con- nections with the B. & O. R. R. The Mill is known as a 6 Mill Tin Plate Plant and is equipped with 6 Hot Mills, 6 Sheet and Pair Furnaces, 6 Cold Mills, 4 Annealing Fur- naces, Pickling Apparatus and 11 Tinning Pots. The product placed on the market for sale is known as Coke Tin Plates, the mill having the capacity for a production of 600,000 Base Boxes per annum. Before reaching the stage of finished Coke Tin Plates, this product goes through various operations, producing from the Sheet Bars which are purchased, what is known as Hot Rolled Plates, Pickled and Annealed Plates, and Finished Black Plates. Each of these last three mentioned items is salable product, but the Company endeavors to confine its sales to Coke Tin Plates, which is the last stage of operation. The Company was incorporated in Pennsylvania on August 7, 1907, and has an authorized capital stock of $600.000. WEIRTON STEEL COMPANY The Weirton Steel Company’s works are at Weirton, W. Va. Its approximate production annually of iron and steel is as follows: Pig iron, 200,000 tons; Open Hearth Steel, 400,000 tons; Tin Plate, 200,000 tons; Cold Rolled Strip steel, 60,000 tons; Hot Rolled Strip steel, 120,000 tons. The Company was incorporated under the laws of West Virginia on April 1, 1905, as the Phillips Sheet & Tin Plate Company, the present name being adopted as of August 1, 1918. It has an authorized capital stock of £30.000.000. WEST PENN STEEL COMPANY The West Penn Steel Company’s plant is located at Brackenbridge, Pa. It produces Open Hearth sheet bars, and special steels for purposes requiring the highest grades of finish and quality. The Company’s ingot capacity is about 150,000 tons annually. The company was incor- porated in Pennsylvania in 1916, being a re-incorporation of a company of the same name incorporated in New Jersey in November, 1908. The authorized capital is $1.050.000. WITHEROW STEEL COMPANY The works of the Witherow Steel Company are situated in Pittsburgh. The plant is devoted to the manufacture and distribution of concrete bars for reinforced concrete, an extensive mill being devoted to this particular article. The Company maintains a large staff of concrete engineers who make suggestions and designs for the use of reinforced concrete. The Company has offices in all the important cities of the United States, and is furnishing a large per- centage of the reinforcing bars used in this country and abroad. Its plant is capable of producing 5,000 tons per month, and employs about 300 men. The Company was incorporated under the laws of Pennsylvania in 1913 and has an authorized capital stock of $825.000. This booklet does not pretend to exhaust the subject of iron and steel as handled in the Pittsburgh District, nor to enumerate all the many different corporations and firms engaged in the industry. It is merely suggestive of the importance of the City in this vital industrial department. The First National Bank at Pittsburgh prides itself on its resourcefulness in meeting the business requirements of its customers. Its officers have had a long experience in banking, and its directors are successful business and professional men with a wide view of commercial require- ments. The Bank keeps in touch with financial develop- ments at home and abroad, and is at all times ready to attend promptly to all details of Banking, in any portion of the Globe. We submit on the following pages a partial list of our correspondents in the different parts of the world, which enables us to offer excellent service in connection with any banking transactions. Particular mention is made of the facilities of our Foreign Exchange Department, as follows: ForereN EXCHANGE: Drafts, Cheques, Money Orders and Bills of Exchange are bought and sold at current rates in dollars or foreign currencies. CommERCIAL CREDITS: We issue Letters of Credit, drafts against which may be drawn at sight or time, to finance imports and exports. COLLECTIONS: Cheques and drafts are accepted for collection payable in foreign currencies, and when necessary we make ad- vances pending collection. ACCEPTANCES: For the purpose of financing imports, exports or domes- tic shipments, Acceptance Credits are granted maturing at thirty, sixty, or ninety days. Commodities stored in warehouses may also be financed under such Credits. ForeElGN CREDIT INFORMATION: We place at the disposal of our clients, the services of our Foreign Credit Department, and will gladly secure special reports either by mail or cable. Our friends and customers are invited to make use of these facilities and acquaint our foreign department with the products in which they are interested and the countries where they wish to develop business. PRINCIPAL AMERICAN CORRESPONDENTS (IN RESERVE CENTERS) AMERICAN ExcuanGE Nationa Bank. New York, N. Y. NarioNar City Bank.................New York, N. Y. SEABOARD NATIONAL BaNk............New York, N. Y. GuaraNTY TRUsT COMPANY. . ......New York, N. Y. CoNTINENTAL & CoMMERCIAL Nar. Bank... . Chicago, Ill. First NATIONAL BANK... .... ........St. Louts, Mo. NaTioNAL BANK oF COMMERCE. . .......Baltimore, Md. First NaTioNAL BANK... .......... ... Boston, Mass. First National Bank . ... ....Cleveland, Ohio First AND OLD DETROIT NATIONAL BANK. . Detroit, Mich. GIRARD NATIONAL BANK...............Philadelphia, Pa. CorN ExcrHaANGE NaTioNaAL Bank. . ....Philadelphia, Pa. FirsT NATIONAL BANK. ...............Philadelphia, Pa. AMERICAN NATIONAL Bank. ........ .. Richmond, Va. Bank or CALIFORNIA, N. A. ...San Francisco, Cal. PRINCIPAL FOREIGN CORRESPONDENTS ENGLAND: London County, Westminster & Parr’s Bank, Ltd. Comptoir National d’Escompte de Paris, London. Cox & Co., London. Barclays Bank, I.td., London. [RELAND: Munster & Leinster Bank. Bank of Ireland Belfast Banking Co., Ltd. FrANCE: Comptoir National d’Escompte de Paris. BeLcrum: J. Mathieu et fils, Brussels. Bank of Antwerp, Antwerp HoLLAND: Rotterdamsche Bankvereeniging. SPAIN: Banco Espanol del Rio de la Plata. PorTUGAL: Bank of Portugal. SWITZERLAND: Credit Suisse. Iravy: Banca Commerciale Italiana. Credito Italiano. DENMARK: Den Danske Landmandsbank. SWEDEN: Aktiebolaget Stockholms Handelsbank. GERMANY: Deutsche Bank. GERMAN-AUSTRIA: Credit Anstalt, Vienna PoLaND: Bank Diskontowy Warszawski. PRINCIPAL FOREIGN CORRESPONDENTS (Continued) CzECHO-SLOVAKIA : Zivnostenska Banka, Prague. JUuGo-SrAviIA: Wiener Bank-Verein, Zagreb. SERBIA: Banque Franco-Serbe. GREECE: National Bank of Greece. Bank of Athens. Commercial Bank of Greece. BurLcaria: National Bank of Bulgaria. ROUMANIA: Banque Marmorosch Blank & Co. TURKEY: Bank of Athens, Constantinople. SYRIA: Banco di Roma. EcypT: Comptoir National d’Escompte de Paris. INDIA: National Bank of India. Cox & Company. CHINA: International Banking Corporation. Chartered Bank of India, Australia & China. Hong Kong & Shanghai Banking Corporation. JAPAN: Yokohama Specie Bank. AUSTRALIA: Commercial Bank of Australia, Ltd SOUTH AFRICA: National Bank of South Africa. CANADA: Dominion Bank of Canada. Canadian Bank of Commerce. PRINCIPAL FOREIGN CORRESPONDENTS (Continued) CENTRAL AND SOUTH AMERICA ARGENTINE: Banco Holandes de la America del Sud, Buenos Aires. First National Bank of Boston, Buenos Aires Branch. Borivia: Banco Mercantil. BrazriL: Banco Hollandez da America do Sul, Rio de Janeiro. COLOMBIA : Banco Mercantil Americano de Colombia. Costa Rica: Banco de Costa Rica. CHILE: Banco de Chile. CuBa: National Bank of Cuba. EcUADOR: Banco del Ecuador. GUATAMALA: Banco de Guatamala. HoNDURAS: Banco Atlantida. Uruguay: Banco Comercial. NICARAGUA: National Bank of Nicaragua. Peru: Banco Mercantil Americano del Peru. Panama: International Banking Corporation. PriLirpPINE ISLANDS: Philippine National Bank. SAN SALVADORE: Banco Salvadoreno. VENEZUELA: Banco Caracas. Banco Mercantil Americano de Caracas. OFFICERS Lawrence E. Sans. . ,... President Frank F. BROOKS... .....Vice President Crype C. TAYLOR. . THos. B. Hupson. Oscar WiLson. . . Wu. J. FRANK. . P. W. DAHINDEN. ............ Assistant Manager Foreign Depariment ..... Assistant Cashier Assistant Cashier .. Manager Foreign Department J. PauL Forp. . .... Assistant Manager Foreign Department DIRECTORS Joan A. Beck... ...President Big Four Oil & Gas Co., Pittsburgh, Pa. F. F. Brooks......... eve... Vice President Wu. L. CORRY. .... Manufacturer, Pittsburgh, Pa. Jorn A. DoNaLDSON.........Vice President Piitsburgh Coal Company J. Rogers FLANNERY. .... President Flannery Bolt Co., Pittsburgh, Pa. Wu. H. HEARNE. . ...... Director La Belle Iron Works, Steubenville, 0. J. H. HiLLMaN, JR. Chairman of Board Hillman Coal & Coke Co., Pittsburgh, Pa. .....Henry Phipps Estate D. T. Layman, Jr... Hon. H. WarToN MITCHELL A. M. MORELAND. . . .. Capitalist P. W. MORGAN.............. President East Pittsburgh National Bank Wu. A. RENSHAW... ......Jokn A. Renshaw & Co., Pittsburgh, Pa. LawreNCE E. SANDS. . . President i’ THEE FI ED INL E200 OL POSH OO ENE OE EP OO DO EEE OR DS ER DS EOE IE Et UE EDN DES EO ER FIFTH AVENUE AND WOOD STREET CONVENIENT FOR YOU First National Bank at Pittsburgh $ 4,000,000.00 1,600,000. 00 45.000.000. 00 CAPITAL. ........ SURPLUS. . . Asses CANINE © EES ET TE TE FETED EOE DRED DO OOS OOO IE TEA EE ELT IE) ne : io r B= : ! @ a = 35% i ¢ O MN 0 NY &Z 0 Ch >> ‘tn | Nd - Ee ~ 0 woh ml yeni e) 1 a EE) _ oO Oo wo Oo LY oO NY > os 0 1 XD os > 1 0 or 1 £ : This booklet does not pretend to exhaust the subject of iron and steel as handled in the Pittsburgh District, nor to enumerate all the many different corporations and firms engaged in the industry. It is merely suggestive of the importance of the City in this vital industrial department. The First National Bank at Pittsburgh prides itself on its resourcefulness in meeting the business requirements of its customers. Its officers have had a long experience in banking, and its directors are successful business and professional men with a wide view of commercial require- ments. The Bank keeps in touch with financial develop- ments at home and abroad, and is at all times ready to attend promptly to all details of Banking, in any portion of the Globe. We submit on the following pages a partial list of our correspondents in the different parts of the world, which enables us to offer excellent service in connection with any banking transactions. Particular mention is made of the facilities of our Foreign Exchange Department, as follows: ForeieN EXCHANGE: Drafts, Cheques, Money Orders and Bills of Exchange are bought and sold at current rates in dollars or foreign currencies. ComMERCIAL CREDITS: We issue Letters of Credit, drafts against which may be drawn at sight or time, to finance imports and exports. ! CoLLECTIONS: Cheques and drafts are accepted for collection payable in foreign currencies, and when necessary we make ad- vances pending collection. ACCEPTANCES: For the purpose of financing imports, exports or domes- tic shipments, Acceptance Credits are granted maturing at thirty, sixty, or ninety days. Commodities stored in warehouses may also be financed under such Credits. 4 ~ © = a x A v > n ® ji QO © J 0